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"the parental spending craze"

http://www.bbc.co.uk/news/magazine-13393192
thought some people on here might find this an interesting read - not exactly MSE-like to buy all the new gadgets in the first place but shows how the spending can get a bit excessive!
:happyhear

Comments

  • TheConways
    TheConways Posts: 189 Forumite
    thought some people on here might find this an interesting read - not exactly MSE-like to buy all the new gadgets in the first place but shows how the spending can get a bit excessive!

    I think this is just another facet of "Keeping up with the Joneses" disease that affects the UK. I moved to Switzerland 2 1/2 years ago, and whilst you typically see some middle eastern/Russian posers with the latest kit, there isn't really a mentality of individual here which means they need to show off the latest "must-have" gadget/pram/designer clothes.

    Why is this such a problem in the UK vs other countries?

    Hardly anyone in Switzerland has personal debt.
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